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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 4
Target: Horizontal analysis
The following data (in millions) are taken from the financial statements of Target Corporation , the owner of Target stores:
A. For Target, determine the amount of change in millions and the percent of change (rounded to one decimal place) from Year 1 to Year 2 for:
1. Revenue
2. Operating expenses
3. Operating income
B. What conclusions can you draw from your analysis of the revenue and total operating expenses?
The following data (in millions) are taken from the financial statements of Target Corporation , the owner of Target stores:
A. For Target, determine the amount of change in millions and the percent of change (rounded to one decimal place) from Year 1 to Year 2 for:
1. Revenue
2. Operating expenses
3. Operating income
B. What conclusions can you draw from your analysis of the revenue and total operating expenses?
Explanation
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Verified
Horizontal Analysis:
Comparative income...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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